Itemized Deductions and the Standard Deduction Are Deductions from AGI

question 2

True/False

Itemized deductions and the standard deduction are deductions from AGI but deductions for personal and dependency exemptions are deductions for AGI.

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Definitions:

Differentiates

To recognize or ascertain the distinctions between two or more things or to make something distinct or specific in character.

Reflective Thinking

The process of carefully considering one’s own experiences and behavior in order to learn and improve.

Dewey

John Dewey was an American philosopher, psychologist, and educational reformer whose ideas have been influential in education and social reform.

Induction

A reasoning process that involves drawing general principles from specific observations or instances.